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Economy

Hong Kong and Macau work to rekindle their tourism spark

A promoter for Galaxy Entertainment Group tries to distract arriving visitors in front of a billboard for the Sands Macao casino hotel. (Photo by Shinya Sawai)

HONG KONG   A stroll down Queen's Road Central reveals the changes that the drop-off in mainland Chinese tourists has wrought in this once-exclusive shopping area.

     U.S. luxury handbag maker Coach shut down its four-story shop here last August, and its place was soon taken by Adidas, which is preparing to open its first Hong Kong flagship store by June. The German sports brand has also rented a two-story space in Causeway Bay, a prime shopping district, for 3.5 million Hong Kong dollars a month ($449,000), some 30% less than what analysts say the previous tenant paid.

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